According to reports, all the franchises have been informally informed about the same though the Indian cricket board is yet to make a formal announcement.
With the last year's auction held in Dubai, this year too it was decided to hold the big event in the Middle East. During the initial search, London and Singapore were considered as the possible venues to host the auction but later, Saudi Arabia emerged as the front-runner because of a suitable time zone, which will also be fit in terms of the broadcast.